British house prices fell slightly less sharply in the three months to October than in the three months to September, a survey showed on Tuesday, but home sales hit the lowest in at least 30 years.
The Royal Institution of Chartered Surveyors said its house prices balance rose to -81.8 last month from -84.5 in September, [...]

House prices in Britain will continue to plunge over the coming year as the economy deteriorates, two leading housing reports said Monday.
Average house prices will be 25 percent – or 50,000 pounds ($77,000) – cheaper by the end of 2009 than they were in the peak autumn 2007 market, the Centre for Economics and Business [...]

The number of people signing up for rented accommodation rose in September, with demand up 50 per cent year on year, according to the UK’s second largest lettings agent Your Move, which has 250 branches nationwide. The number of leases commencing in September jumped 4.34 per cent compared to August 2008 – far beyond normal [...]

The average cost of a home dropped to 211,410 during the month, driven down by a 5.1% fall in the value of flats and a 3% slide in the cost of terrace houses, according to Communities and Local Government.
Across all buyers, a total of just 42,200 mortgages worth 6 billion were advanced for house purchase [...]

The current rental market is thriving while housing sales continue to fall, according to the latest lettings survey from the Royal Institution of Chartered Surveyors (RICS).
Many would-be sellers chose to become landlords in the current climate, highlighted by the fact that new instructions to let in July increased at the fastest pace in the survey’s [...]

UK commercial property worth five billion pounds ($8.92 billion) changed hands in the three months to end-September as the market continued to shrink due to a lack of debt funding and falling prices, data showed on Wednesday.
Property services firm Jones Lang LaSalle said British direct real-estate investment in the third quarter was down about 17 [...]

The London rental market is already beginning to feel the impact of the Lehman Brothers collapse as tenants give notice to leave rental properties.
Cluttons, a network of estate agents covering property sales and lettings across London, has already had a number of tenants based in the Belgravia and Wapping areas give notice on their rental [...]

Half of the houses on sale in Harrow have been on the market for more than three months, according to a new survey.
In January only 20 per cent of properties in the borough were on the market for more than three months, but this has near-tripled to 56 per cent last month.
Estate agents have experienced [...]

In recent weeks, it’s been hard to ignore the stories that have surfaced about rising rent prices and the soaring demand for rented properties in the Capital.
We’re hearing that the credit crunch is still maintaining its grip on the property market and sapping confidence among buyers and sellers, while the demand for rented property is [...]

The Scottish housing market has suffered a severe downturn with the number of loans taken out by homebuyers falling by more than a third in a year. The figures appear to contradict comments made recently by Alex Salmond, the First Minister, who described the market as “relatively stable”.
There were almost 10,000 fewer people who obtained [...]